Fed: Borrowing dips across the board in October
Official figures show Australians borrowed less to buy homes in October and also loweredtheir personal finance.
Allowing for seasonal influences, the Australian Bureau of Statistics says lendingto homebuyers slipped 0.6 per cent to $8.53 billion in October.
Personal finance fell two per cent to $5.47 billion, the lowest level since July.
Business lending was down in October, with commercial finance dipping 2.4 per centto $22.48 billion, also the lowest level since July.
AAP RTV jph/kjp/rk/rp
KEYWORD: LENDING (CANBERRA)
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